STOCKHOLM, Oct. 20,
2022 /PRNewswire/ -- Revenues for the third
quarter were SEK 19,480 m (15,906)
and operating profit excluding revaluation of process inventory was
SEK 3,484 m (2,419). Free cash flow
totaled SEK 97 m (962).
"Continued high inflation but in general stable production
during the quarter. In addition, favorable exchange rates
contributed to a strong quarter. It's also worth mentioning that
our nickel production has improved," says Mikael Staffas, President
and CEO.
Operating profit in Boliden Mines increased to SEK 1,964 m (1,936). Compared to the previous
quarter, a stronger USD did not fully compensate for lower metal
prices and milled volumes. Aitik's milled volume was in line with
the previous quarter but the production of copper concentrate
decreased due to lower grade. Milled volumes in the Boliden Area,
Garpenberg and Tara were lower than the previous quarter. However,
higher grades in the Boliden Area led to a higher production of
several metals in concentrate. Milled volume was higher in Kevitsa
than in the previous quarter.
In Boliden Smelters, operating profit excluding revaluation of
process inventory increased to SEK 1,564
m (611). A stronger USD and higher metal premiums partially
compensated for lower metal and by-product prices compared to the
previous quarter. Copper production in Rönnskär and Harjavalta was
higher than the previous quarter, where the production rate also
increased in the nickel line. Zinc production in Odda was lower
than in the previous quarter as a result of a 10-day strike, while
production was deliberately reduced in Kokkola due to energy
prices. Sales of electricity made a positive contribution.
Production in Bergsöe was higher than in the previous quarter.
For further information, please contact:
Klas Nilsson, Director Group
Communications, phone: +46 70-453 65 88
klas.nilsson@boliden.com
Boliden is a metals company with a focus on sustainable
development. Our roots are Nordic, our market global. Our core
competence lies within the fields of exploration, mining, smelting
and metal recycling. Boliden has around 6,000 employees and annual
sales of approximately SEK 70
billion. The share is listed in the Large Cap segment on
NASDAQ OMX Stockholm.
www.boliden.com
The following files are available for download:
https://mb.cision.com/Main/997/3651673/1641142.pdf
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SOURCE Boliden